Global Route Optimization Software Market is valued at approximately USD 5.65 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 14.2% over the forecast period 2023-2030. Route optimization software is a tool or system that employs algorithms and sophisticated algorithms in order to optimize the planning and sequencing of routes for many applications, including transportation, delivery services, field service management, or logistical operations. It aims to find the most efficient and cost-effective routes to minimize travel time, distance, fuel consumption, and overall operational costs while maximizing resource utilization and customer satisfaction. The surging adoption of web-based services & advanced communication technologies, increasing use of logistics-specific solutions, declining hardware, and connectivity costs, coupled with the rise in road traffic are the most prominent factors that are propelling the market demand across the globe.
In addition, the rapid growth in Internet of Things (IoT) technologies is further exhibiting a positive influence on market development. For instance, as per Statista, the Internet of Things (IoT) industry generated total revenue in 2019 was USD 388 billion, which is anticipated to grow and is likely to reach USD 1058.3 billion by the year 2030. Therefore, the thriving development of the Internet of Things (IoT) industry is burgeoning the demand for route optimization software during the estimated period. Moreover, the development of the Software as A Service (SaaS) model, as well as rising focus on real-time location data analysis is presenting various lucrative opportunities over the forecasting years. However, the rising security concerns and lack of IT infrastructure in developing countries are hindering market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Route Optimization Software Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the high penetration of software vendors providing route optimization software solutions and growth in the. online transportation industry. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The increasing vehicle sales in countries, rising adoption of route optimization software owing to the increasing traffic congestion, and the surging implementation of smart transportation projects are significantly propelling the market demand across the region.
Major market players included in this report are:
- Trimble, Inc.
- Caliper Corporation
- Descartes Systems Group Inc
- ESRI Global Inc,
- Google LLC (Alphabet Inc.)
- Llamasoft Inc.
- Microlise Group Limited
- Omnitracs LLC
- Ortec BV
- Paragon Software Systems PLC
Recent Developments in the Market:
- In May 2022, Omnitracs One Route Modelling was introduced by Solera Holdings, LLC- a leader in global vehicle lifecycle management. Large enterprise clients test different routing scenarios with Omnitracs One Route Modelling without affecting the production routes that are already in use. As a consequence, route designs might be made by drivers and local dispatching faster and cheaper. Users of the Omnitracs One solution may use Route Modelling, which enables drivers and fleet managers to simulate changes to stop arrangements, route beginnings, pre-end post-trip times, breaks, and layovers in order to evaluate the effects of a recommended route on costs and service windows.
- In March 2022, Qualcomm and Trimble entered into a partnership agreement to provide automotive OEMs and Tier 1 suppliers high-accuracy positioning solutions for connected cars, Advanced DriverAssistance Systems (ADAS), and autonomous driving solutions. When utilising real-time navigation applications, both drivers and passengers benefit from improved map information and more accurate directions by offering meter-level location precision for smartphones with better positioning for a ride-sharing service.
Global Route Optimization Software Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Solution, Deployment Mode, Enterprises Size, Industry Vertical, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Solution:
By Deployment Mode:
By Enterprises Size:
- Large Enterprises
- Small and Medium Enterprises
By Industry Vertical:
- Retail And FMCG
- On-Demand Food Delivery
- Taxi
- Homecare And Field Services
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Route Optimization Software Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Route Optimization Software Market, by Solution, 2020-2030 (USD Billion)
- 1.2.3. Route Optimization Software Market, by Deployment Mode, 2020-2030 (USD Billion)
- 1.2.4. Route Optimization Software Market, by Enterprises Size, 2020-2030 (USD Billion)
- 1.2.5. Route Optimization Software Market, by Industry Vertical, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Route Optimization Software Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Route Optimization Software Market Dynamics
- 3.1. Route Optimization Software Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Surging adoption of web-based services & advanced communication technologies
- 3.1.1.2. Rapid growth in Internet of Things (IoT) technologies
- 3.1.2. Market Challenges
- 3.1.2.1. Rising security concerns
- 3.1.2.2. Lack of IT Infrastructure in the developing countries
- 3.1.3. Market Opportunities
- 3.1.3.1. Development of the Software as A Service (SaaS) model
- 3.1.3.2. Rising focus on real-time location data analysis
Chapter 4. Global Route Optimization Software Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Route Optimization Software Market, by Solution
- 5.1. Market Snapshot
- 5.2. Global Route Optimization Software Market by Solution, Performance - Potential Analysis
- 5.3. Global Route Optimization Software Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
- 5.4. Route Optimization Software Market, Sub Segment Analysis
- 5.4.1. Software
- 5.4.2. Service
Chapter 6. Global Route Optimization Software Market, by Deployment Mode
- 6.1. Market Snapshot
- 6.2. Global Route Optimization Software Market by Deployment Mode, Performance - Potential Analysis
- 6.3. Global Route Optimization Software Market Estimates & Forecasts by Deployment Mode 2020-2030 (USD Billion)
- 6.4. Route Optimization Software Market, Sub Segment Analysis
- 6.4.1. On-Premise
- 6.4.2. Cloud
Chapter 7. Global Route Optimization Software Market, by Enterprises Size
- 7.1. Market Snapshot
- 7.2. Global Route Optimization Software Market by Enterprises Size, Performance - Potential Analysis
- 7.3. Global Route Optimization Software Market Estimates & Forecasts by Enterprises Size 2020-2030 (USD Billion)
- 7.4. Route Optimization Software Market, Sub Segment Analysis
- 7.4.1. Large Enterprises
- 7.4.2. Small and Medium Enterprises
Chapter 8. Route Optimization Software Market, by Industry Vertical
- 8.1. Market Snapshot
- 8.2. Global Route Optimization Software Market by Industry Vertical, Performance - Potential Analysis
- 8.3. Global Route Optimization Software Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
- 8.4. Route Optimization Software Market, Sub Segment Analysis
- 8.4.1. Retail And FMCG
- 8.4.2. On-Demand Food Delivery
- 8.4.3. Taxi
- 8.4.4. Homecare And Field Services
- 8.4.5. Others
Chapter 9. Global Route Optimization Software Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Route Optimization Software Market, Regional Market Snapshot
- 9.4. North America Route Optimization Software Market
- 9.4.1. U.S. Route Optimization Software Market
- 9.4.1.1. Solution breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Deployment Mode breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Enterprises Size breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Industry Vertical breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Route Optimization Software Market
- 9.5. Europe Route Optimization Software Market Snapshot
- 9.5.1. U.K. Route Optimization Software Market
- 9.5.2. Germany Route Optimization Software Market
- 9.5.3. France Route Optimization Software Market
- 9.5.4. Spain Route Optimization Software Market
- 9.5.5. Italy Route Optimization Software Market
- 9.5.6. Rest of Europe Route Optimization Software Market
- 9.6. Asia-Pacific Route Optimization Software Market Snapshot
- 9.6.1. China Route Optimization Software Market
- 9.6.2. India Route Optimization Software Market
- 9.6.3. Japan Route Optimization Software Market
- 9.6.4. Australia Route Optimization Software Market
- 9.6.5. South Korea Route Optimization Software Market
- 9.6.6. Rest of Asia Pacific Route Optimization Software Market
- 9.7. Latin America Route Optimization Software Market Snapshot
- 9.7.1. Brazil Route Optimization Software Market
- 9.7.2. Mexico Route Optimization Software Market
- 9.8. Middle East & Africa Route Optimization Software Market
- 9.8.1. Saudi Arabia Route Optimization Software Market
- 9.8.2. South Africa Route Optimization Software Market
- 9.8.3. Rest of Middle East & Africa Route Optimization Software Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Trimble, Inc.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Caliper Corporation
- 10.3.3. Descartes Systems Group Inc
- 10.3.4. ESRI Global Inc,
- 10.3.5. Google LLC (Alphabet Inc.)
- 10.3.6. Llamasoft Inc.
- 10.3.7. Microlise Group Limited
- 10.3.8. Omnitracs LLC
- 10.3.9. Ortec BV
- 10.3.10. Paragon Software Systems PLC
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption